Traders bought shares of Newmont Mining Corp (NYSE:NEM) on weakness during trading hours on Thursday. $95.82 million flowed into the stock on the tick-up and $38.33 million flowed out of the stock on the tick-down, for a money net flow of $57.49 million into the stock. Of all equities tracked, Newmont Mining had the 30th highest net in-flow for the day. Newmont Mining traded down ($0.42) for the day and closed at $36.61

Several equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating on shares of Newmont Mining in a research note on Wednesday, November 1st. Zacks Investment Research cut Newmont Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 19th. Scotiabank set a $48.00 target price on Newmont Mining and gave the stock a “buy” rating in a research note on Monday, January 15th. TD Securities set a $42.00 target price on Newmont Mining and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, TheStreet cut Newmont Mining from a “b-” rating to a “c” rating in a research note on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.95.

The company has a current ratio of 4.18, a quick ratio of 3.58 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $19,530.00, a P/E ratio of 52.30 and a beta of 0.24.

In other Newmont Mining news, insider Gary J. Goldberg sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $36.98, for a total value of $36,980.00. Following the completion of the sale, the insider now owns 334,730 shares in the company, valued at $12,378,315.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Elaine J. Dorward-King sold 10,250 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $36.48, for a total value of $373,920.00. Following the completion of the sale, the executive vice president now owns 71,864 shares of the company’s stock, valued at approximately $2,621,598.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,700 shares of company stock valued at $1,050,806. 0.32% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NEM. Numeric Investors LLC purchased a new stake in Newmont Mining in the second quarter valued at approximately $428,000. QS Investors LLC increased its holdings in shares of Newmont Mining by 10.3% in the second quarter. QS Investors LLC now owns 18,952 shares of the basic materials company’s stock valued at $614,000 after purchasing an additional 1,774 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Newmont Mining by 93.0% in the second quarter. Cubist Systematic Strategies LLC now owns 44,809 shares of the basic materials company’s stock valued at $1,451,000 after purchasing an additional 21,594 shares during the period. Moors & Cabot Inc. increased its holdings in shares of Newmont Mining by 4.3% in the second quarter. Moors & Cabot Inc. now owns 14,189 shares of the basic materials company’s stock valued at $453,000 after purchasing an additional 589 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Newmont Mining by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 614,233 shares of the basic materials company’s stock valued at $19,894,000 after purchasing an additional 63,186 shares during the period. Institutional investors own 81.97% of the company’s stock.

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About Newmont Mining

Newmont Mining Corporation is a mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Ghana and Suriname. The Company’s segments include North America, South America, Asia Pacific and Africa.

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